Public banks team up to reintroduce home purchase loans

From Structured Cabling to Seamless Communication: Reinventing Small Businesses with Fast Connectivity Solutions

In recent years, the UVA market has seen a surge in interest as public and semi-public banks have taken the lead in offering new lines of credit for home purchase and construction. Banco Hipotecario was the first to relaunch UVA credits with terms up to 20 years and an annual nominal rate of 5.5%, which drops to 3.5% for properties in the Buenos Aires microcenter.

Now, City Bank has joined the movement by introducing a maximum amount of 250 million pesos with similar terms but extended to 30 years. They also offer a rate of 8.5%, dropping to 4.25% for borrowers with a salary account at the bank. Priority for credits will be given to those with salary accounts at specific entities and will finance up to 80% of the operation.

The National Bank is also preparing to make an announcement aimed at generating more confidence in debtors by offering CER mortgages instead of UVA mortgages. They are considering including a safeguard for debtors against inflation exceeding income by activating insurance to cover differences in the fee-income ratio.

Structured cabling has been highlighted as a way for small businesses to reinvent themselves by improving infrastructure and connectivity within their business environment. It allows for seamless communication and data transfer, promoting efficiency and productivity among businesses that rely on fast and reliable communication systems. Various platforms and blogs discuss the benefits and impact of structured cabling on modern businesses looking to stay ahead of competition and adapt to changing demands.

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